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Mahindra Auto sells 40022 SUVs, a 23% growth and total volumes of 69397, an 11% growth in June 2024

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Home Newsroom Press Release Mahindra Auto sells 40022 SUVs, a 23% growth and total volumes of 69397, an 11% growth in June 2024
Author : mahindraadmin   Category : Auto   Published : 7/1/2024

Mumbai, July 01, 2024: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of June 2024 stood at 69397 vehicles, a growth of 11%, including exports.

In the Utility Vehicles segment, Mahindra sold 40022 vehicles in the domestic market, a growth of 23% and overall, 40644 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 20594.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We sold a total of 40022 SUVs in June, a growth of 23% and 69397 total vehicles, an 11% growth over last year. June has been a momentous month, as we rolled out the 200,000th XUV700 from our facility. We also celebrated 25 years of Bolero Pik-Ups, a category creator and a market leader in the LCV segment.”

Passenger Vehicles Sales Summary (Domestic) – June 2024
Category June YTD June
F25 F24 % Change F25 F24 % Change
Utility Vehicles 40022 32585 23% 124248 100162 24%
Cars + Vans 0 3 -100% 0 10 -100%
Passenger Vehicles 40022 32588 23% 124248 100172 24%
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – June 2024
Category June YTD June
F25 F24 % Change F25 F24 % Change
LCV < 2T * 3223 3063 5% 9751 9392 4%
LCV 2 T – 3.5 T 14097 16042 -12% 43570 46745 -7%
LCV > 3.5T + MHCV 3274 1854 77% 9201 5115 80%
3 Wheelers (including electric 3Ws) * 6184 6377 -3% 17655 17780 -1%
Exports – June 2024
Category June YTD June
F25 F24 % Change F25 F24 % Change
Total Exports * 2597 2505 4% 7125 6934 3%

* Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited w.e.f. September 01, 2023

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom

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